Page:Indian Journal of Economics Volume 2.djvu/319

 INDIAN JOURNAL OF ECONOMICS Vol. II. Part 3. 1918 INDIAN THE INCOME TAX ITS HISTORY, THEORY, AND PRACTICE DIBECTOB S. M. PAGAR, . . OF STATISTICS BABODA STATE PART I. DIRECT TAXATION IN INDIA I. DmEc T,xxon uP TO 1860 1. The Early Hindu Peried.--The term "asses- sed taxes", presumably borrowed fiscal practice of the eighteenth until 1914, in the Finance and from the English century, was used Revenue accounts of. the Goverument of India to designate a variety of taxes. By April 1908, however, all such txes were either repealed or abolished with the exception of the income tax, which lasted only for five tax, with which we was first years. are mainly introduced in 1860 and The permanent income concerned in this monograph dates from April 1886. Probably there is on arts, trades, and people as the income tax no part of India where taxes professions are as new to the was in England, when first